Manchester City Fan Token
Crypto Overview
Project Overview
Manchester City Fan Token (CITY) is a utility token launched through the Chiliz blockchain-based fan engagement platform Socios.com. The token is designed to give Manchester City football club fans exclusive access to club-related benefits and voting rights on certain club decisions.
Intended Utility
The token's primary purpose is to serve as a governance and utility token that enables fan engagement through: Voting rights on club decisions (like goal celebration songs, jersey designs), Access to exclusive rewards and experiences, VIP tickets, and merchandise, Club-specific games and competitions.
Actual Utility Assessment
The token demonstrates actual utility through its integration with the Socios.com platform, where holders actively participate in club-related decisions. There is verifiable usage of the token for its intended purposes, with regular polls and fan engagement activities taking place.
Token Distribution and Governance
The token distribution appears to be managed through the Socios.com platform, with clear mechanisms for acquisition and use. The partnership with Manchester City FC provides legitimacy to the project, and the token's utility is directly tied to real-world activities and benefits.
Technology and Revenue Model
The token operates on the Chiliz blockchain, using a straightforward utility token model that doesn't involve interest-bearing mechanisms or lending. Revenue is generated through token sales and platform engagement rather than interest-based activities.
Industry Alignment
The project is focused on sports fan engagement and doesn't facilitate any prohibited activities. While sports betting platforms may exist in the broader ecosystem, the CITY token itself is not designed for or directly involved in gambling activities.
Crypto Impact
To assign a comfort level investing in Manchester City Fan Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Manchester City Fan Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.